Local News
SoftBank’s Arm Plans To Set Up Chip Training Facility In South Korea
South Korea’s industry ministry and SoftBank’s chip unit, Arm Holdings, have signed an agreement to strengthen the country’s semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday.
Major Aviation Milestone With First Maintenance Certification
Barbados has achieved a new aviation milestone with the first full certification of an Approved Maintenance Organisation (AMO), a move expected to expand technical capacity, attract investment, and strengthen the island’s competitiveness as a regional and international air transport hub.
Bar Owners Say New Government Tax Will Cripple Industry
The Trinidad and Tobago Coalition of Bars and Restaurants (TTCO- BAR) and the Barkeepers Owners and Operators Association of Trinidad and Tobago (BOATT) are warning that the Government’s proposal to increase the Amusement Gaming Tax from $6,000 to $25,000 per machine per year will cripple small and medium-sized bar enterprises and lead to widespread closures and job losses
ANSA Wins In Hapag-Lloyd Fuel-Oil Case
The High Court has granted a summary judgment in favour of ANSA McAL, dismissing a multimillion dollar claim brought by German shipping company Hapag- Lloyd over allegedly contaminated fuel-oil shipments.
PSA Workers Promised Christmas Cash Advance
Finance Minister Davendranath Tancoo has assured that Public Service Association (PSA) workers will receive a cash advance for Christmas through an initial advance payment on arrears.
Agostini: We Do Not Dominate Local Pharmaceutical Market
Diversified, publicly listed Agostini said yesterday that the company does not dominate the procurement of pharmaceuticals for the public sector or the local pharmacy sector.
Kamla Meets Refinery Reactivation Committee
Prime Minister Kamla Persad-Bissessar met with chairman of the Refinery Reactivation Committee Kevin Ramnarine and its members yesterday to review progress on restarting the former Petrotrin refinery.
CAL To End Puerto Rico, Tortola Flights
Caribbean Airlines (CAL) has announced that it will stop services on the Tortola, BVI, and San Juan, Puerto Rico route starting January 10. The airline said it also intends to restructure its Barbados hub, beginning February 2026.
NGC Wins Ruling Against SIS
The Court of Appeal has upheld a High Court decision confirming that five asset transfers from Super Industrial Services Ltd (SIS) to Rain Forest Resorts Ltd (RFRL) were done with the intent to defraud the National Gas Company of Trinidad and Tobago (NGC).
Regional News
Guyana Plans For Budget 2026
Investments that solidify Guyana’s long-term development will be the highlight of the 2026 budget, Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh has said.
Antigua And Barbuda Posts Record Fiscal Performance
Prime Minister Gaston Browne says Antigua and Barbuda has recorded one of its strongest fiscal performances in modern history, with a primary surplus of US$94.31 million (EC$254.9 million) and an overall surplus of US$43 million (EC$116.3 million).
Banking Sector Continues To Exhibit Growth
Although the commercial banking space continues to exhibit growth, data from the Bank of Jamaica (BOJ) revealed that some companies are actively dominating the lending market while others are building up their capital base for future regulatory changes.
Grenada Says Economic Performance ‘Remarkable’
Finance Minister Dennis Cornwall says Grenada’s economic performance this year is ‘nothing short of remarkable’ estimating that real gross domestic product (GDP) will reach 6.2%.
MSME Development Bank To Be Operational In 2026
Making remarks at the Guyana National Bureau of Standards (GNBS) awards ceremony last week, Prime Minister Brigadier (retired) Mark Phillips has said that the responsibility for national competitiveness cannot rest only on companies, noting that government has a responsibility to develop the environment in which companies must operate.
CAF Hosting Matchmaking Forum In Panama
More than 205 international buying companies from the United States, Europe, Asia, and Latin America have already registered for the Development Bank of Latin America and the Caribbean’s (CAF) Latin America and Caribbean Business Matchmaking Forum: Connection to the Global Market.
Guyana To Construct 2ND Gas To Shore Pipeline
President Irfaan Ali says Guyana will soon commence one of the world’s fastest gas-to-shore projects and is also aiming to have a second major gas pipeline ready by 2030 to support the country’s industrial growth.
Rating Agencies Adjust Outlook An Airport SPVs
The passage of Hurricane Melissa has resulted in Fitch Ratings and Moody’s Ratings adjusting their outlooks on Montego Bay Airport Revenue Finance Limited (MOAIR) and Kingston Airport Revenue Finance Limited (KINGAIR) whose underlying airports have faced disruption to passenger traffic.
Economic Gains ‘Lack Real Progress Without Structural Reform’
Economist Dr Antonio Alleyne cautioned Wednesday that despite recent improvements in Barbados’ debt and growth figures, the economy remains deeply vulnerable and unchanged underneath, leaving it exposed to external shocks and growing internal pressures without urgent structural reform.
International News
Warner Bros. Begins Exclusive Deal Talks With Netflix
Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions.
Oil Holds Two-Day Gain With Focus On Ukraine Talks And Surplus
Oil held a two-day advance as investors weighed the outlook for a ceasefire in Ukraine, and signs of a swelling global surplus.
S&P 500 Futures Push Higher With Record In Sight
The S&P 500 is set to continue its advance toward a new all-time high as the prospect of interest-rate cuts and confidence in the economy fuel investors’ appetite for risk.
Airbus Cuts 2025 Delivery Target Due To A320 Fuselage Panel Issue
Aerospace manufacturer Airbus (AIR.PA, EADSY) expects to deliver fewer planes than planned this year following an issue with fuselage panels used on some A320 planes.
Marvell Shares Jump As Chipmaker Bolsters AI Ambitions With Celestial Deal
Marvell Technology (MRVL) shares climbed 9% premarket on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI deepened investor confidence in the chipmaker’s push into next-gen AI infrastructure.
Oil Gains As Traders Weigh The Next Steps In Russia-Ukraine War
Oil rose as traders weighed talks between the US and Russia that have so far failed to end the war in Ukraine, while attacks on Moscow’s energy assets continued.
Stock Futures Tick Higher Ahead Of Data Releases
US stock futures are signaling a second day of modest gains as traders wager that economic data due later Wednesday will reinforce expectations for an interest-rate cut next week. Bitcoin extended its rebound.
Delivery Hero Investors Said To Push for Sale, Divestments
Delivery Hero SE is facing pressure from several large shareholders to conduct a strategic review amid increasing consolidation in the food-delivery industry, people with knowledge of the matter said.
Europe’s AI Standout Siemens Energy Nears €100 Billion Value
Only seven days after a drubbing caused by broad market concerns of an artificial-intelligence bubble, Europe’s biggest winner from the theme is back near record levels.
Reports
Economic Outlook – OCT2025
Global GDP growth has improved relative to earlier forecasts, reflecting the gradual easing of trade tensions and resilience.
Earnings Update – OCT2025
During October, Guardian Holdings Limited boasted of a 114% lift in after tax profit, owing to the gain on sale of its stake in Thoma Exploitatie B.V. Excluding this, however, underlying profit grew by 7%, or 43 million thanks to a 34% rise in insurance service results.
US Rate Watch OCT 2025
On October 29, 2025, the Federal Open Market Committee (FOMC) decided to lower the target range for the federal funds rate to 3.75% – 4.00 % from 4.00% – 4.25%. This decision was supported by a moderation in economic activity, a softer labor market, and elevated inflation.
Economic Outlook – September 30th 2025
Earnings Update – September 30th, 2025
Pelagic Series Factsheets – September 30th, 2025
Offshore Factsheets – September 30th 2025
July 2025 Earnings News
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In July, First Citizens Group Financial Holdings (FCGFH) posted a year-on-year gain, with its after-tax profit rising 5.1% to TT$719.6 million, mainly due to growth in loans to customers and investment securities.
Local Equity Market Overview – Q2 2025
Domestically, real GDP grew 4.7% in Q3 2024, supported by advances in both the energy and non-energy sector. However, recent indicators monitored by the central bank point to a deceleration in non-energy sector growth and weakness in an otherwise improving energy sector, that could be attributed to a reduction in methanol and natural gas output. Furthermore, inflation eased slightly to 1.4% in May from 1.5% in April, and private sector credit and consumer lending have risen. Additionally, unemployment fell to 4.9% in Q1 2025 from 5.5% in the fourth quarter last year.